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ID <br />Indian River County, Florida <br />September 1, 2000 <br />Page 3 <br />USE OF THIS REPORT <br />It is understood that this report is solely for the information of and assistance to the addressees <br />hereof in connection with the defeasance of the Defeased Bonds and is not to be used, circulated, <br />quoted or otherwise referred to for any other purpose without our written consent in any <br />document, except that (i) reference may be made to the report in any closing documents <br />pertaining to the defeasance of the Defeased Bonds, (ii) the report may be used in its entirety as <br />an exhibit to the escrow agreement for the Defeased Bonds, (iii) the report may be included in the <br />transcripts pertaining to the defeasance of the Defeased Bonds, (iv) the report may be relied upon <br />by any rating agency or bond insurer that shall have rated or insured or that will rate or insure <br />the Defeased Bonds, and (v) the report may be relied upon by the Escrow Agent for the Defeased <br />Bonds. <br />* * * * * * * * * <br />The procedures performed represent those procedures deemed by the County and all other <br />addressees hereto to be sufficient to assist such parties in evaluating the mathematical accuracy of <br />the various computations cited above. The sufficiency of these procedures is solely the <br />responsibility of the specified users of this report and should not be taken to supplant any <br />additional inquiries or procedures that the users would undertake in their consideration of the <br />transaction described herein. We make no representation regarding the sufficiency of the <br />procedures summarized herein, either for the purpose for which this report has been requested or <br />for any other purpose. This report should not be used by any party who does not agree to the <br />procedures set forth herein and who does not take responsibility for the sufficiency and <br />appropriateness of such procedures for their purposes. <br />We have no obligation to update this report because of events, circumstances, or transactions <br />occurring subsequent to the date of this report. <br />Very truly yours, <br />verifica\Indian River County <br />